UPDATE: Informatica (INFA) Ramps on Takeover Chatter
Get Alerts INFA Hot Sheet
Join SI Premium – FREE
(Updated - March 20, 2015 12:58 PM EDT)
Informatica (NASDAQ: INFA) higher on takeover chatter.
UPDATE: According to reports from Reuters, Silver Lake and Hellman Group are said to be preparing bids for the company.
In January, it was reported that the company hired Qatalyst Partners to find buyers. Follow-up reports suggested that the sales process was abandoned in January and then revived again in mid-February. Also in January, Elliott Associates filed a 13D on Informatica showing an 8% stake.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Blackstone (BX) Nears Deal to Sell Control of S.Korean Pharma Wholesaler Geo-young to MBK Parnters for Over $1B - Reuters
- Bentley Systems Inc. (BSY) is Exploring Options That Include A Sale After Attracting Interest From Potential Suitors, Sources Say - Reuters
- 23andMe (ME) CEO Wojcicki considering taking company private - 13D
Create E-mail Alert Related Categories
Mergers and Acquisitions, Rumors, Trader TalkRelated Entities
Elliott Associates, 13DSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!